Sprintex’s A$30M Sales Commitments and 70% Energy Savings Highlight Growth

Strong Sales Commitments Across Key Markets

Sprintex’s December quarter report reveals a significant milestone with A$30 million in minimum sales commitments secured through exclusive distribution agreements in the UK, Turkiye, and India. The UK deal with Air End Repair alone accounts for A$17.5 million over five years, while Euroteck Environmental in India and Net 0 Enerji in Turkiye contribute A$7.16 million and A$5.8 million respectively. These partnerships not only validate Sprintex’s market appeal but also provide a solid foundation for revenue growth.

Operational Validation and Energy Efficiency Gains

Operational momentum is underscored by successful trials of the G15 jet blower with a leading aquaculture producer in Turkiye, demonstrating an impressive 70% energy saving compared to conventional side channel blowers. This validation is pivotal, reinforcing Sprintex’s technology as a cost-effective and sustainable solution, which the company plans to leverage aggressively in upcoming business development efforts.

Financial Backing and Strategic Underwriting

To support its ambitious growth plans, Sprintex entered into a binding underwriting agreement with major shareholder China Automotive Holdings. This agreement, involving the underwriting of options worth nearly A$1 million, signals strong shareholder confidence and provides the company with financial flexibility to scale operations and accelerate market penetration.

Product Innovation: The G25 Jet Blower Launch

Looking ahead, Sprintex is preparing for the global launch of its G25 Jet Blower, a next-generation product featuring air bearing technology that promises maintenance-free operation for up to five years. The G25 offers up to 40% greater energy efficiency than traditional blowers and is designed for larger-scale infrastructure projects, including municipal wastewater treatment and industrial applications. The initial launch order with Net 0 Enerji in Turkiye marks a strategic entry point for this flagship product.

Market Expansion and Certification Progress

Sprintex is actively expanding its footprint beyond existing markets, targeting Europe, the Middle East, North America, and MENA regions. The company has already secured CE certification for the G15 blower, with the G25 expected to receive certification in Q1 2025. Participation in major industry events such as the World Future Energy Summit and Hannover Fair will further bolster its presence and facilitate new partnerships.

Financial Health and Operational Outlook

Despite a net cash outflow from operations during the quarter, Sprintex’s recent capital raises, convertible note conversions, and underwriting agreements have strengthened its balance sheet. The company anticipates converting its substantial distribution agreements into meaningful revenue in the near term and finalizing commissioning of Mest Water compressors, which will support production scale-up and product diversification.

Overall, Sprintex’s quarterly report paints a picture of a company transitioning from promising technology to commercial traction, backed by strategic partnerships and financial support. The coming months will be critical as the company seeks to convert commitments into cash flow and establish its G25 blower as a market leader in energy-efficient industrial solutions.